Session lows in AUD/USD and NZD/USD
AUDUSD 10-minute chart
There's no clear catalyst for the wave in Australian dollar and New Zealand dollar selling in the past few minutes. Both spilled about a quarter-cent 40-pips lower to session lows, hitting stops along the way.
The Shanghai Composite gained 10% over the past two days on signs that China will do whatever it takes to keep asset prices buoyed. Broad risk appetite should also be giving them a lift stocks surging around the world.
Bonds should still be providing some kind of carry lift. Australian 10-year yields are up 13.5 bps to 2.94%, among the highest rising yields anywhere today.
